EAR 0.00% 32.5¢ echo resources limited

Cheapest devolping gold play on ASX, page-66

  1. 9,065 Posts.
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    A better idea would be to get Bronzewing up and running, then toll treat ore for some emerging finds ,with BGL being just one.

    This would of course take cash and borrowings, hence the current continued drilling to build the resource raise the SP then do a cap raise to make it all happen. Just IMHO.

    It is difficult to watch gold ore bodies sitting around us, a 2Mt/a plant (IIRC) sitting idle while the gold price is at record $A prices.
    My suspicion and investment here is that continued record $A gold prices over the next year or so will see a substantial re-rating with the plant being in or near operating mode.
 
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